The Advantages of Outsourcing Hotel Management to Your Franchise Partner
October 31, 2022The Advantages of Outsourcing Hotel Management to Your Franchise Partner
There is a common misconception that if you’re outsourcing work you could be doing internally, you’re simply taking money out of your own pocket. The truth is, in any business, you need to play to your strengths. This is particularly relevant in t…
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August 16, 2022
4 Make or Break Questions Every Hotel Investor Needs to Ask
Investing in a long-term real estate asset like a hotel isn’t a decision one takes lightly. The cost of a mid-scale hotel is significant: ranging from $10-$20 million (Cdn). So, assume you’ve found a hotel brand and property that checks all of you…
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July 12, 2022
How Much Does It Cost to Build a Mid-Scale Hotel in Canada?
Hotels have long been considered a stable, long-term investment. In 2022, the cost to develop a midscale hotel in Canada averages between $145K and $197K/sq. ft. This includes all land, construction, furnishing and soft costs. These figures vary by pr…
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July 5, 2022
What Are the Accessibility Requirements for Canadian Hotels?
Whether living with mobility, vision or hearing challenges, or other impairment, Canadians with disabilities are committed to experiencing life to its fullest. This includes traveling to this great country as tourists. According to Statistics Canada,…
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May 5, 2022
How Mid-Scale Hotels Are Shaking up the Industry
When you think of a smaller hotel, what comes to mind? A motel with a dated outdoor pool? A trendy boutique? A cut-and-dry room with a bed and tv. A lobby with a self-serve cereal breakfast? Mid-scale hotels (generally under 140 rooms) are often refer…
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April 12, 2022
5 Secrets to Evaluating Viability of a Hotel for Your Development Property
In the right location, hotels can be a jackpot for commercial property developers. While they can have risks, the rewards can be lucrative. With the proper research, a hotel can become the epicenter of a bustling economic hive, providing stability and…
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March 9, 2022
What Should a First Nation Investor Consider When Choosing a Hotel Partner?
What factors should guide your decision when choosing a hotel brand to partner with? Solid fundamentals. A reputable brand. Strong performance (e.g. average daily rates, average room rates, revenue per available room). Construction efficiency. And all…
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March 8, 2022
How a Hotel Brings Long Term Value to Your Development Property
The long-term success of a commercial development comes down to the developer’s ability to attract stable, long-term tenants. Finding the right combination of businesses can create a lively destination that attracts both locals and visitors alike. I…
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May 28, 2021
MasterBUILT Hotels Receives Best-Managed Company Award
Original Article in Hotelier CALGARY — As it celebrates its 10-year anniversary, Alberta-based hotel developer MasterBUILT Hotels has received the Canada’s 50 Best-Managed Companies award. The award recognizes privately owned and managed compan…
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December 6, 2019
Long Plain First Nation Holds Grand Opening for New Hotel
A large crowd showed up Wednesday morning for the grand opening of the new Microtel Inn & Suites located beside Portage at Long Plain First Nation. The hotel overlooks Crescent Lake. "I'm very thankful that our council, our staff and our people…
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January 4, 2019
Oyster Bay Microtel Solidifies Reputation as a Vancouver Island Destination
The Oyster Bay Microtel opened its doors for the first time May 10, 2018. Since then, the hotel has seen sustained success. Hotel Manager Peter Watts plans to build on that success and continue growing the Microtel’s reputation. “We definitely hav…
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